Gemini Comm to extend maturity date of outstanding FCCB to Oct 18, 2012

Gemini Communication Ltd has informed BSE that the Board of Directors of the Company has by way of a circular resolution dated July 06, 2012 decided to extend the date of maturity of the outstanding foreign currency convertible bonds issued by the Company in July 2007 {the FCCBs) by three months i.e. from July 18, 2012 to October 18, 2012, subject to the approval of the Reserve Bank of India and the holders of the FCCBs.The Company is also making an application to the Reserve Bank of India seeking its approval for the aforesaid extension of the maturity date of the FCCBs.Source : BSE

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